Anthropic formally kicked off its IPO roadshow on November 10, releasing a 42-minute roadshow video and a 57-page roadshow deck. The price range is set at $70 to $78 per share. Pricing is planned for November 18, with a Nasdaq listing on November 19 under the ticker $ANT.
In the roadshow video, the first person on screen is CEO Dario Amodei. About 30 seconds in, he mentions that AI could be used to create biological weapons.
He also calls AI “the most promising technology in human history,” says it “has captured the essence of cognition,” and stresses that safety is the company’s top priority. Apart from “Claude” and “model,” the most frequent word in the video is “compute,” at 49 mentions, while safety-related terms appear 27 times.
Alongside the video, the company released a 57-page deck. It shows that Q3 2026 revenue was $16.956 billion, more than 12 times the same period last year. Adjusted operating margin was 15%, and -3% on a GAAP basis. Compute commitments total about $900.9 billion, and the long-term margin target is 35% or higher.
